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Wells Fargo’s Q2 Disappoints After Scandals

PYMNTS

Second-quarter net income was impacted by a $481 million one-time expense resulting from a key Supreme Court decision related to online sales, South Dakota v. Wells Fargo also announced plans to sell 52 branches in Indiana, Ohio, Michigan and parts of Wisconsin to Flagstar Bancorp. Revenue fell to $21.6 The bank reported 28.9

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Fintech Fundings: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Labs Insights

Vendor management for financial services companies. HQ: Troy, Michigan. Investment portfolio management . Mobile & online payments. Mobile bank/card. Escrow & renter deposit management. Tags: Consumer, prepaid debit card, neo-bank, challenger bank, mobile, AXA (investor). Source: Crunchbase.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

Allianz-backed Simplesurance , which offers point-of-sale insurance policies via online retailers’ websites, partnered with Munich Re Digital Partners in October 2016 to jointly develop new insurance products. Number of investments: 3. Stated investment focus: N/A. in funding. Munich Re/HSB Ventures. Number of investments: 8.

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The 2019 GonzoBanker Awards

Gonzobanker

Second Curve analyst Zack Maxfield opened a TD Bank checking account on his phone in nine minutes while he waited to speak with a teller at one of the bank’s branches, but waited an hour to fund the account and order a debit card. The 2019 Industry Oh Sh*t Moment Award – Goes to Apple and Goldman Sachs for the Apple Card launch.

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The 2023 GonzoBanker Awards

Gonzobanker

Lake Michigan Credit Union CEO Sandy Jelenski – Since becoming CEO in 2000, Sandy has led the growth of LMCU from $400 million Union to $13 billion, all while building a mortgage business and servicing portfolio that nearly matches the size of the credit union’s balance sheet. Paul Murphy, founder of Murphy & Co. But wait, there is more.

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